Providing a Firm does not have sales in excess of € 220.000,-- per year, may opt to pay a flat fee Vorsteuer in the amount of 1,8%. This amount may be increased a maximum of € 3.960 for auxilliary transactions incurred for the purpose of earning income which include VAT. In addition, for tax purposes, the accounting records may show the following:

  • Long-term assets purchased at a minimum cost of € 1.100,--
  • VST Costs to get those assets into a condition where they are put into use € 1.100,--
  • VST costs incurred for services which were needed to produce goods, providing they were actually paid.